Yes, First National Bank of the Rockies should work with the Housing Authority to renegotiate the loan.
19 votes

No, the Housing Authority has an obligation to pay.
277 votes

I’m not familiar with the topic.
27 votes

Comments

How about:
'Yes, the property is not worth enough to continue making payments."

If paying on the loan is truly a violation of TABOR then YVHA clearly must also stop paying Millennium Bank for YVHA's Sierra View lots. It would also appear that YVHA is violating TABOR when making payments on Hillside Apts and Fish Creek Mobile Home park.

And certainly FNBR has no obligation to work with YVHA. FNBR could decide working with YVHA is the better financial option, but there is certainly no obligation.